Solana Sell-off Risks Ease as SOL Reclaims $150 Resistance

SOL Bounces from Weekly Lows
Solana (SOL/USD) corrected down to $145.66 before staging a rebound. According to CoinMarketCap, SOL climbed to $150.03—surpassing the key $150 barrier—and was up 0.98% in the last 24 hours.

Volume Remains Tepid
Trading volume has yet to recover, sitting at $3.88 billion, down 30.7% on the day. This muted activity suggests investors remain cautious, closely watching the next directional cues.

Seven-Day Rally
Over the past week, SOL jumped 14.09% from $133.66, signaling renewed buying interest among short-term traders.

DonAlt’s Bold Forecast
Noted analyst DonAlt—typically not a Solana bull—projected that SOL could rally to $200, citing U.S. trade tariff dynamics as a magnet for capital influx.

ETF Filings & Regulatory Tailwinds
Solana ranks among the top crypto assets with pending ETF applications filed with the U.S. SEC. With a new SEC chair in place, approvals may come sooner, potentially opening the door to significant institutional investment.

Peter Brandt’s Long-Term View
Veteran trader Peter Brandt also suggested that, in the long run, SOL could outpace Ethereum, driven by ecosystem growth and rising institutional uptake.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.